Bitcoin Forum
November 18, 2017, 02:17:47 PM *
News: Latest stable version of Bitcoin Core: 0.15.1  [Torrent].
 
   Home   Help Search Donate Login Register  
Pages: [1] 2 3 4 »  All
  Print  
Author Topic: How long does it take for bitcoin value to double??  (Read 7153 times)
DannyHamilton
Legendary
*
Offline Offline

Activity: 1974



View Profile
April 09, 2013, 01:33:20 PM
 #1

Question:  How long does it typically take for the USD exchange rate of bitcoin to double?

Answer:
Start_rateEnd_rate#_of_daysDates
$3.125$6.251942011-12-01 to 2012-06-15
$6.25$12.51632012-06-15 to 2012-11-25
$12.5$25792012-11-25 to 2013-02-12
$25$50302013-02-12 to 2013-03-18
$50$100142013-03-18 to 2013-04-01
$100$20082013-04-01 to 2013-04-09


Given this timetable, would anybody like to make a guess at a range of dates between which they believe the exchange rate will reach $400?

1511014667
Hero Member
*
Offline Offline

Posts: 1511014667

View Profile Personal Message (Offline)

Ignore
1511014667
Reply with quote  #2

1511014667
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
cedivad
Legendary
*
Offline Offline

Activity: 1134



View Profile
April 09, 2013, 01:34:59 PM
 #2

This Saturday? Not possible...

My anger against what is wrong in the Bitcoin community is productive:
Bitcointa.lk - Replace "Bitcointalk.org" with "Bitcointa.lk" in this url to see how this page looks like on a proper forum (Announcement Thread)
Hashfast.org - Wiki for screwed customers
bitarrow
Full Member
***
Offline Offline

Activity: 184



View Profile
April 09, 2013, 01:35:46 PM
 #3

wow so 4 days to double hmmm
ruski
Full Member
***
Offline Offline

Activity: 196


View Profile
April 09, 2013, 01:36:23 PM
 #4

Question:  How long does it typically take for the USD exchange rate of bitcoin to double?

Answer:
Start rateEnd rate# of daysDates
$3.125$6.251942011-12-01 to 2012-06-15
$6.25$12.51632012-06-15 to 2012-11-25
$12.5$25792012-11-25 to 2013-02-12
$25$50302013-02-12 to 2013-03-18
$50$100142013-03-18 to 2013-04-01
$100$20082013-04-01 to 2013-04-09


Given this timetable, would anybody like to make a guess at a range of dates between which they believe the exchange rate will reach $400?

Well? 6 months, 5 months, 3 months, 1 month, half a month, quarter of a month.

Another 3 days?
nwbitcoin
Sr. Member
****
Offline Offline

Activity: 294


You are a geek if you are too early to the party!


View Profile WWW
April 09, 2013, 01:39:19 PM
 #5

That is a bubble graph which seems to suggest that it will be $400 in 3 days, and $800 2 days later - and $1600 a day after that! Smiley


*Image Removed*
I use Localbitcoins to sell bitcoins for GBP by bank transfer!
Luno
Sr. Member
****
Offline Offline

Activity: 476


Current balance: 00$$/00BTC


View Profile
April 09, 2013, 01:40:10 PM
 #6

So $1600 a week from now?


 
 
           ▄████▄
         ▄████████▄
       ▄████████████▄
     ▄████████████████▄
    ████████████████████      ▄█▄                 ▄███▄                 ▄███▄                 ▄████████████████▀   ▄██████████

  ▄▄▄▀█████▀▄▄▄▄▀█████▀▄▄▄     ▀██▄             ▄██▀ ▀██▄             ▄██▀ ▀██▄             ▄██▀                   ██
▄█████▄▀▀▀▄██████▄▀▀▀▄█████▄     ▀██▄         ▄██▀     ▀██▄         ▄██▀     ▀██▄         ▄██▀        ▄█▄          ▀██████████████▄
████████████████████████████       ▀██▄     ▄██▀         ▀██▄     ▄██▀         ▀██▄     ▄██▀          ▀█▀                        ██
 ▀████████████████████████▀          ▀██▄ ▄██▀             ▀██▄ ▄██▀     ▄█▄     ▀██▄ ▄██▀                                       ██
   ▀████████████████████▀              ▀███▀                 ▀███▀       ▀█▀       ▀███▀      ▄███████████████████████████████████▀
     ▀████████████████▀
       ▀████████████▀
         ▀████████▀
           ▀████▀
║║


║║
.
.

║║
██
║║
.
.

║║
██
║║
.
║║


║║
Gabi
Legendary
*
Offline Offline

Activity: 1078


If you want to walk on water, get out of the boat


View Profile
April 09, 2013, 01:41:07 PM
 #7

This is the economic singularity  Shocked
ruski
Full Member
***
Offline Offline

Activity: 196


View Profile
April 09, 2013, 01:45:56 PM
 #8

Well, all that has to happen is there's no sell orders, and a $1 buy could send it to $1 000 000.
Newscastix
Sr. Member
****
Offline Offline

Activity: 349


View Profile
April 09, 2013, 01:48:56 PM
 #9

So $1600 a week from now?

$3200 half a day later... $6400 by evening... $12800 by midnight that day...  Shocked Shocked Shocked

Cluster2k
Legendary
*
Offline Offline

Activity: 1564


View Profile
April 09, 2013, 01:49:43 PM
 #10

4 days to $400
6 days to $800
7 days to $1600
7 days 12 hours to $3200
7 days 18 hours to $6400
7 days 21 hours days to $12800

XKCD time:  http://xkcd.com/605/

Do not send bitcoins to me: 16b8s7pBJ9rUmsExNW25qD5VUqVqRPZuXu
100% solar powered bitcoin generation
cedivad
Legendary
*
Offline Offline

Activity: 1134



View Profile
April 09, 2013, 01:51:14 PM
 #11

All what i know is that i'm having an headache. And I'm 21, i should be healthy.
Meanwhile, the 200k$ buy orders on bitstamp and mtgox reaching 210.

There is no stop.

I cannot understand it. I'm trying HARD.

Edit, 211. Like what, 2 minutes after?

My anger against what is wrong in the Bitcoin community is productive:
Bitcointa.lk - Replace "Bitcointalk.org" with "Bitcointa.lk" in this url to see how this page looks like on a proper forum (Announcement Thread)
Hashfast.org - Wiki for screwed customers
crazy_rabbit
Legendary
*
Offline Offline

Activity: 1176


RUM AND CARROTS: A PIRATE LIFE FOR ME


View Profile
April 09, 2013, 01:52:28 PM
 #12

All what i know is that i'm having an headache. And I'm 21, i should be healthy.
Meanwhile, the 200k$ buy orders on bitstamp and mtgox reaching 210.

There is no stop.

I cannot understand it. I'm trying HARD.

Maybe we have just underestimated how much people are unhappy with the current system.

more or less retired.
ruski
Full Member
***
Offline Offline

Activity: 196


View Profile
April 09, 2013, 01:53:15 PM
 #13



4.39 days, people.
Cluster2k
Legendary
*
Offline Offline

Activity: 1564


View Profile
April 09, 2013, 01:53:49 PM
 #14

All what i know is that i'm having an headache. And I'm 21, i should be healthy.

There's plenty of hard drinking going on by the speculators pushing the price up.  They'll have headaches soon too  Lips sealed

I cannot understand it. I'm trying HARD.

You're watching history in the making.

Do not send bitcoins to me: 16b8s7pBJ9rUmsExNW25qD5VUqVqRPZuXu
100% solar powered bitcoin generation
crazy_rabbit
Legendary
*
Offline Offline

Activity: 1176


RUM AND CARROTS: A PIRATE LIFE FOR ME


View Profile
April 09, 2013, 01:54:02 PM
 #15

4 days to $400
6 days to $800
7 days to $1600
7 days 12 hours to $3200
7 days 18 hours to $6400
7 days 21 hours days to $12800

XKCD time:  http://xkcd.com/605/

So we have one week before the crash.

more or less retired.
Arzack
Jr. Member
*
Offline Offline

Activity: 52


View Profile
April 09, 2013, 01:56:45 PM
 #16

MAybe the growth would continue exponentially if everybody could invest their fiat immediately.
phlogistonq
Full Member
***
Offline Offline

Activity: 159


View Profile
April 09, 2013, 01:59:45 PM
 #17

In the rise since january we have consistently waited for the 12 hour moving average to catch up each time before moving up further.

http://www.bitcoincharts.com/charts/mtgoxUSD#rg60zig12-hourztgSza1gSMAzm1g10zm2g25zv

So, this implies some pausing or dipping in between the rises, as has happened so far.
I think your schedule must still allow for this. If it rises too steeply, the order book can't adjust quickly enough.
Surpbitcoin
Member
**
Offline Offline

Activity: 112



View Profile
April 09, 2013, 02:00:51 PM
 #18

Can it really be? That wuld be too sick. Most of us would be millionaires by the end of the month!

We are the new elite!
bitarrow
Full Member
***
Offline Offline

Activity: 184



View Profile
April 09, 2013, 02:00:58 PM
 #19

4 days to $400
6 days to $800
7 days to $1600
7 days 12 hours to $3200
7 days 18 hours to $6400
7 days 21 hours days to $12800

XKCD time:  http://xkcd.com/605/

So we have one week before the crash.
i had same thought.
DannyHamilton
Legendary
*
Offline Offline

Activity: 1974



View Profile
April 09, 2013, 02:03:11 PM
 #20

This Saturday? Not possible...
wow so 4 days to double hmmm
Another 3 days?
- snip -in 3 days, - snip -
So $1600 a week from now?
This is the economic singularity  Shocked
- snip - a $1 buy could send it to $1 000 000.
4 days to $400
There is no stop.
4.39 days, people.
So we have one week before the crash.


It's crazy, isn't it?  Can this pattern really continue?  It "feels like" it's going to have to slow down.  I find it difficult to convince my self that it's possible for it to double in 3 to 4 days.  Of course, 9 days ago I'd have found it difficult to believe that it's possible for it to double in 8 days.

Pages: [1] 2 3 4 »  All
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!